A T1 Line Is Essentially a Traditional Trunk Line That

question 37

True/False

A T1 line is essentially a traditional trunk line that carries 24 normal telephone circuits and has a transmission rate of 1.5-6 Mbps.

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Definitions:

Deductible IRA Contribution

An investment in an Individual Retirement Account that can be deducted from gross income for tax purposes, thus reducing taxable income.

Pension Plan

A type of retirement plan typically sponsored by employers that provides monthly income to employees after they retire.

Defined-contribution Plans

Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.

Maximum Contribution Limits

The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.